PALM OIL WEEKLY PRICES ON  31th July - 06th Aug 2013 1st Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM0.50 to RM2,274.00 against RM2,273.50 attained the previous week. The highest and lowest traded prices were at RM2,315.00 and RM2,230.00 respectively. Price of RBD palm olein traded higher at US$759.50. Palm oil traded higher mainly due to:
  Supported by the weakening Ringgit against the US Dollar. The Ringgit-priced palm oil feedstock becomes cheaper for overseas buyers.
     
  Higher July 2013 palm oil export performance.
Crude palm oil exports duty (after partial duty exemption) for the month of August, 2013.
  With effect from 01/08/2013 31/08/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$8.13 to US$828.13. CPO discount vis--vis SBO narrowed to US$112.70 this week.
  RBD palm olein price traded higher by US$6.25 to US$788.75 and was at a discount of US$144.20 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
31/07/2013 01/08/2013 02/08/2013 05/08/2013 06/08/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,263.50 2264.50 2288.50 2275.50 2284.50 2,274.00 2,273.50 0.50
PK (Ex-mill) 1,277.50 1272.00 1283.50 1284.50 1300.00 1,277.00 1,272.00 5.00
CPKO(Lcl Deld) 2,464.50 2481.00 2520.00 2504.50 NT 2,492.50 2,445.50 47.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 745.00 NT 747.50 NT NT 746.50 737.50 9.00
RBD P.Olein (Fob M'sia) 748.50 762.50 757.50 749.50 745.00 759.50 736.50 23.00
RBD P.Stearin (Fob M'sia) 692.00 684.00 690.00 693.00 NT 685.50 676.50 9.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 785.00 790.00 790.00 790.00 NT 788.75 782.50 6.25
RBD P. Oil (Cif Rott) 775.00 780.00 780.00 780.00 NT 778.75 772.50 6.25
CPO (Cif Rott) 825.00 827.50 830.00 830.00 NT 828.13 820.00 8.13
SBO (Dutch Fob Ex-Mill) 970.24 962.05 969.73 973.95 NT 968.99 968.74 0.25
Sun Oil (Cif Rott) 960.00 960.00 960.00 970.00 NT 962.50 1005.00 -42.50
RSO (Dutch Fob Ex-Mill) 976.89 977.91 993.64 977.92 NT 981.59 971.40 10.19
RBD P.Stearin (Cif Rott) 735.00 735.00 735.00 735.00 NT 735.00 737.70 -2.70
Tallow 1,180.00 1,180.00 1,180.00 1,180.00 NT 1,180.00 1180.00 0.00
PKO (Cif Rott) 830.00 830.00 830.00 835.00 NT 831.25 822.00 9.25
CNO (Cif Rott) 880.00 875.00 880.00 875.00 NT 877.50 851.00 26.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -145.24 -134.55 -139.73 -143.95 0.00 -112.70 -148.74 36.04
CPO/RSO -151.89 -150.41 -163.64 -147.92 0.00 -122.77 -151.40 28.63
RBD P.Olein/SBO -185.24 -172.05 -179.73 -183.95 0.00 -144.20 -186.24 42.04
RBD P.Olein/Sun Oil -175.00 -170.00 -170.00 -180.00 0.00 -139.00 -222.50 83.50
RBD P.Stearin/Tallow -445.00 -445.00 -445.00 -445.00 0.00 -356.00 -442.30 86.30
PKO/CNO -50.00 -45.00 -50.00 -40.00 0.00 -37.00 -29.00 -8.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2238.00 2260.00 2257.00 2240.00   2248.75 2191.20 57.55
CBOT SBO 3rd Month (US$) 946.66 941.60 945.12 941.16   943.64 960.39 -16.76
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 761.25 766.25 767.50 765.00   765.00 756.25 8.75
Landed Indonesia CPO (US$) 772.25 777.25 778.50 776.00 11.00 623.00 767.25 -144.25
Landed Indonesia CPO (RM) 2456.53 2487.20 2498.60 2506.48 35.53 1,996.87 2462.84 -465.97
Premium/Discount Vs Lcl Dlvd CPO (RM) 193.03 222.70 210.10 230.98 -2248.97 -278.43 206.54 -484.97
Note : NT : No Transaction ; N.A : Not Available; PH : Public Holiday; UNQ : Unquote;
Source : MPOB Registration of Contracts, Oilworld, Reuters, BMD CBOT, Dow Jones News, Massey Company